One of the biggest changes in the homeowner market today is the number of town houses or condominiums that are out there. These homes require a particular coverage known as a unit owner policy or HO-6. These policies meet the special needs of these types of insured’s.

Individuals who purchase townhouses or condo’s within the same complex together form an association. One of the responsibilities of this association is to arrange coverage, both property and liability for the entire complex – this policy is known as a master policy. The master policy insures all structures, including the majority of the structure owned by the unit owner. The unit owner is than responsible to insure their personal belongings and liability, as well as any part of their structure that the association’s master policy does not cover.

There are two dilemmas for the unit owner here: 1) knowing exactly what part of the units’ structure you are responsible for (which can be found in your association by laws) and 2) Covering any coverage gaps that may exist between your policy and the association’s master policy.

That is where an independent agent comes in – allow our licensed professionals to go over your information and coverage needs with you to determine the proper coverage and avoid any gaps you may be exposed to.